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Mike Tyson and Floyd Mayweather Jr. have done the same, as have actors Maisie Williams and Gwyneth Paltrow. Twitter founder Jack Dorsey and Virgin founder Richard Branson have done the same.

What do all the above have in common? Like millions of others around the world, they have invested in Bitcoin.

And why not; Over the past decade, investors have seen Apple shares rise 1,100%. Netflix has grown by 2,300%. These are some great returns. But they are overshadowed by the 700,000% return that Bitcoin holders enjoy.

Experts estimate that about 100 million people worldwide have bought Bitcoin. This impressive number is very small compared to the world population of 7.9 billion. But it's about the same as the number of people who used the internet in 1997. And look where we are today.

Making a Bitcoin purchase may seem like a challenge, but easy-to-use platforms like Kriptomat make investing in cryptocurrencies quick and easy. The point is to know where you can buy Bitcoin. This article will teach you everything you need to know about how to buy Bitcoin.

The cryptocurrency revolution

Bitcoin is the first and most widespread cryptocurrency. It is a type of digital currency that only exists on the internet.

There is no secret in the Bitcoin market. You just go to a website called an exchange and make a purchase. On some websites, buying BTC is as easy as ordering a pizza. You can treat Bitcoin as an investment or use it for day-to-day trading in a growing number of businesses.

Bitcoin is not the only cryptocurrency. Thousands of cryptocurrencies have been around since Bitcoin first came to prominence in 2009. Most are specialized in performing specific functions. Only a few are viable competitors of standard money. Today, most cryptocurrencies buy Bitcoin. So if you know how to buy Bitcoin, you know how to buy other cryptocurrencies.

Globally, governments recognize Bitcoin and other cryptocurrencies as legitimate financial instruments or currencies. As of September 2021, El Salvador recognizes Bitcoin as the official legal tender. Other countries are watching closely to see if they should follow suit. Elsewhere, Bitcoin is recognized and regulated as a security like corporate shares. Although different countries are pursuing different ways of reacting to the Bitcoin revolution, we can argue that countries everywhere recognize that consumers and investors demand freedom from banks, investment firms and other entities that impose on them what they can and cannot do. with their own money.

Research shows that many more people would invest in cryptocurrencies if they knew where to buy Bitcoin and how to trade. The good news is that if you choose the right exchange, getting involved in the cryptocurrency revolution is easier and faster than you think.

Making a purchase

To buy and sell Bitcoin, you start by creating an account at an online cryptocurrency exchange such as Kriptomat. These sites give you the current prices at which cryptocurrencies are traded and give you the opportunity to make purchases.

Creating an account is more than just choosing a username and password. The best exchanges will ask you to verify your identity by providing a copy of your police ID / passport and possibly additional documents. These know-how (KYC - Know Your Customer) regulations are legally required by sites and applications that comply with the provisions of the EU GIP to combat money laundering.

Authentication is a long, complicated process at many cryptocurrency exchanges. At optimized sites like Kriptomat, which operates in every EU Member State and worldwide, you can complete a simple process in just a few minutes.

You start by providing your address and uploading a high-resolution photo of your police ID / passport (or, in some countries, your driver's license). The prompts guide you in creating and uploading a selfie — a photo that must match the photo on the state ID you previously uploaded. If all goes well, your identity will be verified in a few minutes.

The next step is to fund your account so you can buy Bitcoin and other cryptocurrencies. Common options include credit and debit cards, bank transfers and cash transfer services such as Neteller and Skrill. Credit and debit cards are generally the safest and easiest, but trusted cryptocurrency exchanges offer multiple options.

Once your deposit appears in your account, you can make a purchase. Depending on the exchange, you can view the Bitcoin page and click "Buy Bitcoin" or click "Buy" on a menu and then select BTC from a list of cryptocurrencies.

That's all - you now specialize in the high art of cryptocurrencies and are fully aware of how to buy Bitcoin.

Bitcoin sells for thousands of euros per currency, but you do not have to buy a whole one. Depending on the minimum purchase requirements at the exchange you use, you could buy Bitcoin worth just 25 or 30 euros.

You do not end up with a natural currency. Instead, the ownership of the Bitcoin you purchased is transferred to your email address on the blockchain network that serves as the technical foundation of Bitcoin. You may one day choose to install a cryptocurrency software wallet that allows you to access the blockchain, but most users prefer to use a supervisory exchange such as Kriptomat that secures their cryptocurrencies and handles complex blockchain transactions on their behalf.

After purchase

Once you buy Bitcoin, you can use it to make purchases. You can withdraw money in your own country currency at a Bitcoin ATM — there are more than 34,000 installed worldwide. You can transfer your Bitcoin to an interest-bearing savings account, where you will usually earn a much better interest rate than what your local bank offers to its customers. Alternatively, you can just keep your Bitcoin and consider it a long-term investment.

Bitcoin is notorious for its price volatility, which can rise and fall rapidly. Bitcoin has brought significant benefits to those who make long-term investments. Here's how the price of Bitcoin has risen over the years. These are the closing prices on October 1st.

There is no guarantee that the Bitcoin you buy will grow at such an impressive rate, but during the 10 years ended June 28, 2021, the price of Bitcoin increased at a compound annual growth rate of 116.41%, dramatically exceeding gold (1 , 82%), the Nasdaq (17.77%) and the Standard Poor's 500 (12.33%).

When it's time to sell your Bitcoin, simply go back to your cryptocurrency exchange and sell it in exchange for your local currency. You can then withdraw the currency from your account.

Why wait?

Governments and banks have rejected Bitcoin and other cryptocurrencies as a fad for years. This was probably a pious desire — governments and financial institutions have made significant profits from their monopoly on trade, lending, and investment.

Now that cryptocurrencies have come to stay, the financial establishment is rushing to catch up. Governments regulate Bitcoin. Some are considering issuing regulated national currencies. Financial institutions are rushing to integrate cryptocurrencies into their investment offerings.

With easy-to-use sharing platforms like crypto.com, there's no reason to stand on the sidelines. Make a small purchase or a large investment. You will find that it is easier said than done and the rewards are greater. You can be part of the great economic revolution of our time.

Click here to buy cryptocoins from crypto.com

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